Crypto Trading Strategies You Need To Know By Myles Watkins The term "day trader" comes from the stock market, where trades are generally conducted only during regular business hours on weekdays. Myles Gregory Watkins points out that one notable difference when day-trading cryptocurrency is that crypto markets stay open 24 hours a day, 7 days a week.
As well as experienced analysts, market players rely on support and resistance levels each day. The term 'resistance' refers to the point beyond which the price may rise, so a resistance level is a price above the current price. 'Support' is a level below which a crypto price is not supposed to fall, so a support level is always lower than the current price. Increased trading volumes are used to book profits in this trading strategy. Although there is a certain amount of risk involved, a smart trader pays attention to the margin requirement and other important rules to avoid unpleasant trading experiences. Crypto assets are analyzed, past trends and volumes are analyzed and entry and exit points are chosen within a day.
HFT is a type of algorithmic trading strategy used by quant traders. In this process, algorithms and trading bots are developed that allow crypto assets to be entered